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EUR/USD Classical Technical Report 04.05

By Joel Kruger, Technical Strategist
05 April 2012 05:38 GMT
daily_classical_eudusd_body_eur.png, EUR/USD Classical Technical Report 04.05

EUR/USD: A break of some multi-session consolidation largely confined to the 1.3300’s is significant in the short-term and could now open the door for deeper setbacks over the coming sessions. The latest break and close below some key short-a further down. Back above 1.3400 would be required to negate bearish outlook and put pressure back on topside.

--- Written by Joel Kruger, Technical Currency Strategist

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05 April 2012 05:38 GMT